Question: If C(x)= 16,000 + 500x-1.6x^2+0.004x^3 is the cost function and p(x) = 1700 -7x is the demand function, find the production of 1000 units: (ii)

If C(x)= 16,000 + 500x-1.6x^2+0.004x^3 is the cost function and p(x) = 1700 -7x is the demand function, find the production of 1000 units: (ii) the production level that will minimize the average cost: amd (iii) the minimum average cost.

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